Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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Iron ore futures rose on Monday as improving market fundamentals boosted sentiment, despite renewed tariff threats from U.S. President Trump. Trump announced plans to impose new 25pct tariffs on all steel and aluminum…
Future Forgeworks, a Brisbane-based steel manufacturer, has commissioned SMS group to supply Australia's first Continuous Mill Technology (CMT 350) mill for its Swanbank Green Steel Mill Project. The facility will…
Turkey's scrap import prices continued to rise this week as Turkish steel mills booked new cargoes at higher rates. Prices were assessed at USD 345-355 per ton CFR, up from USD 340-350 per ton CFR last week. The…
Iron ore futures extended gains on Friday, driven by improved market fundamentals and positive sentiment. Steel production increased this week following the Chinese New Year holidays, with several blast furnaces ramping…
Iron ore futures rose on Thursday, driven by concerns over supply disruptions in Australia. Rio Tinto, a major iron ore supplier, announced that it had begun clearing vessels from two Western Australian ports as it…
Turkish steelmaker Kardemir has raised its rebar and wire rod prices, reflecting the recent uptrend in scrap prices. The company now offers 12-32 mm rebar at TRY 20,415 (USD 567) per ton EXW, up from TRY 19,460 (USD…
Iron ore futures declined in post-holiday trading on Wednesday, as the market opened cautiously, assessing trade tensions between the U.S. and China and the near-term outlook for steel demand. The latest round of…
Turkish special steel bar producer Hascelik is preparing to launch its new electric arc furnace (EAF)-based steel mill in April, a move aimed at reducing its carbon footprint. Hascelik Board Chairman Adnan Naci…
The Libyan Iron and Steel Company (LISCO) has announced the continuation of its exports to international markets. The company recently began shipping 8,000 tons of rebar aboard the vessel SNAPPER, destined for Lebanon…
Acerbrag, after 20 years of operation, initiated the overhaul of the Danieli-supplied fast-finishing block overgear at its wire rod mill in Bragado, Buenos Aires province, Argentina. The refurbishment involved eight…
Ezz Steel, one of Egypt's leading steel producers, has maintained its rebar prices for the domestic market for the fifth consecutive month. The company's rebar price remains at EGP 38,200 (USD 759) per ton EXW…
Steel Dynamics has awarded AIC a contract to upgrade the automation system at its Roanoke Bar Division rolling mill in Virginia, USA. The project involves replacing the existing control system with a new PLC…
Turkey's scrap import prices rose this week, driven by supply disruptions due to winter conditions and increased restocking demand. Prices were assessed at 340-350 per ton CFR, up from 330-340 per ton CFR last week. The…
Voestalpine Bohler Welding, a global leader in welding technology, has been expanding its local presence in India, investing around EUR 3 mln (USD 3.12 mln) in recent years. Future projects, including adding solid wire…
Saudi Iron and Steel Company (Hadeed) has released its long steel prices for February deliveries. The price of rebar (12-32 mm) remains unchanged at SAR 2,400 (USD 639) per ton, while wire rod (6.5-16 mm) has been…
US-based Gordon Brothers has been named the exclusive selling agent for a never-utilized flat and long steel production plant in Dammam, Saudi Arabia. The plant, owned by one of GCC's leading steel manufacturers…
Iron ore futures rallied on Monday during pre-holiday trading, supported by firm near-term demand ahead of China's week-long Chinese New Year holiday (January 28-February 4), with trading set to resume on February 5…
Turkey's scrap import prices climbed this week, driven by fresh bookings from Turkish steel mills. Prices were assessed at USD 330-340 per ton CFR, up from USD 325-335 per ton CFR last week. The rise was supported by…
Mescier Demir Celik, an electric arc furnace (EAF) steelmaker based in Bartin, Turkey, plans to construct a 30 MW solar power plant in the Esme district of Usak. The project aims to reduce energy costs and carbon…
Dalian iron ore futures rose on Friday, supported by stable steel production levels and improved sentiment surrounding U.S.-China trade relations. Daily crude steel output from member mills of the China Iron and Steel…
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